August 23, 2019

Bitcoin More Efficient for Paying Taxes than Bank Cards, Says Exchange

August 23, 2019 boss

Evan Kuhn, the co-founder of Toronto-based cryptocurrency exchange Coinberry, has claimed Bitcoin (BTC) is more efficient for paying taxes than bank cards. As real estate news outlet Mansion Global reported on Aug. 22, Kuhn said his company takes much lower fees than the ones that card institutions impose on their clients, adding: “A credit card company charges a 3% fee. […] Our fee is .5%, so that’s a lot more beneficial for the municipalities.” Bitcoin transaction fees six times lower than credit cards Coinberry acts as an intermediary because local…

Bitcoin (BTC) Price Near Inflection Point: Bears Remain In Control

August 23, 2019 boss

Bitcoin price is currently correcting higher above the $10,000 resistance against the US Dollar. The price is facing many key resistances near the $10,250, $10,300 and $10,400 levels. There is also a connecting bearish trend line forming with resistance near $10,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to face a strong selling interest near the $10,300 and $10,400 levels. Bitcoin price is slowly correcting towards $10,300 against the US Dollar. However, BTC will most likely fail to continue above $10,300…

Crypto Market And Bitcoin Approaching Resistance: ETC, BCH, EOS, TRX Analysis

August 23, 2019 boss

The total crypto market cap is currently correcting higher towards the $268.0-$270.0B resistance. Bitcoin price is also approaching towards a major resistance near the $10,200 and $10,250 levels. EOS price recovered more than 5% and it is now trading near the $3.650 resistance. Ethereum Classic price rallied close to 20% and broke the $7.00 resistance area. BCH price is back above $305, but it is facing many hurdles on the upside near $320. Tron (TRX) price is up around 8% and is approaching the $0.0185 resistance area. Bitcoin (BTC) and…

Ripple Price (XRP) Facing Uphill Task: Fresh Decline Likely

August 23, 2019 boss

Ripple price started an upside correction after trading as low as $0.2580 against the US dollar. Bitcoin price is back above $10,000, but it is facing many important resistances near $10,250. Yesterday’s followed key declining channel with resistance near $0.2670 was breached on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is now facing a strong resistance near the $0.2750 level and the 100 hourly SMA. Ripple price is trading near a major resistance at $0.2750 against the US Dollar, similar to bitcoin. Therefore, XRP…

Ethereum Price (ETH) At Potentially Major Turning Point

August 23, 2019 boss

ETH price started a decent recovery after it tested the $180 support area against the US Dollar. The price is currently struggling to break a major resistance area near the $195 level. There is a key contracting triangle forming with resistance near $194 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of a fresh decline until it breaks the $194 and $195 resistance levels. Ethereum price is facing a couple of important resistances versus the US Dollar and bitcoin. ETH could start…

Brian Kelly Is Short-Term Bearish but Sees ‘Generational Opp’ in Bitcoin

August 23, 2019 boss

Brian Kelly is bearish on the bitcoin price in the short term but believes there is a generational buying opportunity coming in BTC/USD. | Source: CNBC/YouTube By CCN Markets: The bitcoin price might have broken back above the $10,000 level today, but one notable trader isn’t impressed. Speaking on CNBC, crypto investor Brian Kelly, who is usually the biggest bitcoin bull in the room, made it clear that he has turned bearish on BTC/USD despite its recent bounce. Longer-term, however, Kelly still believes there is a “generational buying opportunity” coming…

Brian Kelly Is Short-Term Bearish but Sees ‘Generational Opp’ in Bitcoin

August 23, 2019 boss

Simetri Research Launches Dashboard for Short-Term Crypto Traders

August 23, 2019 boss

Simetri Research, a crypto research and analysis service backed by digital currency reviewer Crypto Briefing and crypto price aggregator CoinMarketCap, has launched a new platform that displays short-term trading signals. Closing the information gap Crypto Briefing announced the new service, Coins on the Move, on Aug. 22. Coins on the Move is reportedly designed to meet the informational needs of short-term crypto traders, who prefer to actively buy and sell rather than hodl. Some insights the platform offers include entry and exit prices and near-term price projections accompanied by researcher…

Xendpay Joins RippleNet to Expand Global Money Transfer Services

August 23, 2019 boss

Money transfer service Xendpay has joined Ripple’s global transaction network RippleNet to support international transactions. Going beyond the U.S. dollar Ripple announced the news on Aug. 20. Per the announcement, RippleNet will allow Xendpay to provide money transfer services beyond the United States dollar. Xendpay will use Ripple’s pre-existing network of banks and other financial partners to facilitate money transfers via other forms of currency, especially Ripple’s XRP. New capabilities with RipplePay As stated in the announcement, Xendpay previously had trouble offering services with smaller currencies. Offering a smaller currency…

Japanese HR and Tech Giant Recruit Holdings Invests in Blockstack

August 23, 2019 boss

Blockchain startup Blockstack PBC has received strategic investment from Japanese human resources giant Recruit Holdings. U.S. startups look for Japanese partnerships The Block reported the startup’s new funding on Aug. 22. As part of the investment deal, Recruit, which is currently valued at $50 billion USD, is purchasing Blockstack’s STACK tokens. Blockstack PBC CEO and co-founder Muneeb Ali reportedly remarked that United States-based startups typically partner with businesses in Japan. Ali further discussed the advantages of conducting crypto business in Japan. He said: “Japan is a very interesting market for…